Tax

Tax

ATO defends tax gap report as 500 agents circled

In defence of its major tax gap report, the ATO has revealed more about its methodology and findings, while pushing on...

13 August 2018 • By Jotham Lian

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Tax

ATO concedes error on tax withholding calculator

The tax office has admitted to making an error on its tax withholding calculator, which may have caused employers who...

09 August 2018 • By Jotham Lian

Tax

Reform will come: FOFA father predicts life for accountants post Royal...

Accountants and financial advisers will be operating in a “very different environment” after the royal commission,...

08 August 2018 • By Katarina Taurian

Tax

ATO’s corporate residency guidance cops backlash

The tax office’s new approach to determining whether entities are resident under the central management and control...

08 August 2018 • By Jotham Lian

Tax

Govt hears of software, cost barriers in STP hold-ups

A standing committee has heard of extremely low take-up of impending single touch payroll (STP) changes, with “time...

08 August 2018 • By Jotham Lian

Tax

New accounting standard ‘seriously underestimated’

Businesses with operating leases are set to be substantially impacted by the new AASB 16 Leases standard, as one firm...

08 August 2018 • By Jotham Lian

Tax

Compliance costs of FBT undergo review, accountants urged to speak up

The Board of Taxation will be reaching out to accounting professionals and their clients as they undertake a review of...

07 August 2018 • By Jotham Lian

Tax

‘Not the same for everyone’: Vacancy fee confusion flagged

A mid-tier has flagged several issues regarding the new annual vacancy fees for foreign owners of residential...

06 August 2018 • By Jotham Lian